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View Notes – MacroTheory Krueger from ECONOMICS at University of Technology, Sydney. Macroeconomic Theory Dirk Krueger1 Department of. Someone in a thread I read here today referred to Krueger’s macro lecture notes. I’ve googled, but haven’t found them anywhere. Does anyone where to get a. Econ is the first course in the macro PhD sequence. Its objective This is a pure theory Dirk Krueger’s Macroeconomic Theory manuscript ( version).

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Taxation of Heterogeneous Households. Lucas Tree, Equity Premium Puzzle. As the course progresses, you will also be assigned journal articles to read. In its last part this course will explore the implications of heterogeneity and incomplete markets for monetary policy. International Economic Review, 45 2: There are some lecture notes on the web which better cover the material and the ones by Kruger, dir by Krusell will be used as the primary references.

There are several books on dynamic optimization that treat dynamic programming and maximum principle in different levels of generality and may be used for reference madroeconomic. The models will be used to study growth theory, business cycles, certain components thoery aggregate demand, and monetary and fiscal policies.

The course will concentrate on dynamic optimization in both discrete and continuous time. Review of Economic Dynamics 2, — Review of Economic Studies, 79 1: The main framework utilized is the so called model of heterogeneous agents and wealth accumulation, basically the workhorse model in modern quantitative macroeconomics.

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Advanced Macroeconomics II : Growth, Dynamics and Policy

Theory and Applications a Theory Krusell, P. Taxation and Household Labor Supply. Andres Erosa and Martin Gervais. Evidence and Theory “,ReStud.

Macroeconomic Theory II (PhD) – Serdar Ozkan

Not a Bad Idea after All! On the optimal progressivity of the income tax code. Introduction, Modern Macroeconomics Framework.

In this course, most if not all of the material will be studied from the strict theoretical point of view and the emphasis is on economic rigor. Home Vitae Research Teaching.

The second one analyzes the case of an economy in which agents have finite lives overlapping genera-tions models. American Economic Review99 1: Several applications of the theory are discussed covering recent trends in income inequality ,rueger the Dir, and in Europe, the life cycle pattern of consumption, the cyclical behavior of aggregate hours and employment, the wealth concentration and the role of public policies such as the tax code and the pension system.

Advanced Macroeconomics II : Growth, Dynamics and Policy

Solving the Stochastic growth model through value function Iteration. The treatment of the economic problems is rigorous and the students will be required to master the numerical methods which are utilized to solve the models presented in class.

Review of Economic StudiesJulyvol. Juan Carlos Conesa and Dirk Krueger Week 4 and 5: Storesletten and Violante, G. The ultimate goal of this course is to learn how to develop a variety of quantitate models that can be used to generate artificial data of both allocations and prices which can be meaningfully mapped to actual data to give answers to macroeconomic questions.

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Slides and Lecture Notes and the Ljungqvist-Sargent book are the main sources of reading. Journal of Monetary Economics, 59 1: Tuesdays, 11am-noon at GE Tutorials: Infinite horizon models of economic growth Endogenous growth theory, an introduction Technological progress, the “embodiment controversy” and growth Schumpeterian models of economic growth and fluctuations. The objective is not to give a review of known results of a specific topic but rather to give an example of how to use modern macroeconomic tools to tackle questions.

Optimal Taxation in Life-Cycle Economies. Why Is It a Puzzle? Thus, the course materials will analyze the general equilibrium foundations and the two welfare theorems, infinitely lived representative agent models, the overlapping generations model, and models with incomplete markets and risk sharing.

Instructor S erdar Ozkan: So, we will neither look at data in any serious manner nor computationally solve the models.

Economies with Household Default and Unsecured Credit.